From Smh.com.au: Nice to see so many high-profile CEOs and chairmen backing the national interest by supporting the establishment of an Australian sovereign wealth fund. What’s missing though is any of them volunteering to pay for it.
The national wealth fund bandwagon is gathering moment - and a perfectly fine bandwagon it is too. A very sound idea to invest some of the present commodity price windfall for the greater long-term benefit of the nation. The Reserve Bank, Treasury and any passing economist would all like to see it..............................................Full Article: Source